Many BitMEX users seem to be leaving the platform since Bitcoin dropped sharply on March 12 to $ 3700. On that day, BitMEX was suddenly offline during the fall and users were unable to log into the stock market for about 45 minutes.
On March 13, BitMEX had approximately 315 thousand BTC in its Bitcoin wallet. This figure was measured as 222 thousand as of April 9. This means a 30 percent reduction in one month.
A decrease was observed not only in BitMEX, but in almost all major exchanges in the same period, but the decrease in BitMEX was much more evident.
Recently, BitMEX lost some of its market share to its competitors. Binance and OKEx’s trading volume in Bitcoin futures recently outstripped BitMEX. On the other hand, there are transitions to BitMEX from other derivative exchanges such as Bybit and Deribit.
Bitcoin forecast from BitMEX CEO: First winter, then spring
Finally, BitMEX CEO Arthur Hayes recently made a prediction on the price of Bitcoin. Stating that the price is likely to drop to $ 3,000 in the short term, Hayes announced the year-end forecast at $ 20,000.
